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A guest blog post by Dr Hayaatun Sillem, Director Programmes and Fellowship, Royal Academy of Engineering on science and its impact on the UK economy.

The UK has a proud track record of research excellence. We are responsible for 14 of the top 100 medicines in use today (second only to the USA) and have developed technology found in 95% of the world’s mobile phones. Thanks to previous sustained investment we have the most productive research base of the world’s leading economies and our researchers have claimed over 90 Nobel Prizes.

Quantum dots can be ‘tuned’ to release photons of light at a given frequency. Image credit: Nanoco Industries Ltd.

Many of the great challenges that we face – like food security, climate change, energy security and the impacts of ageing – require expertise and collaboration right across the humanities, social, engineering, physical, medical, chemical, biological and mathematical sciences. Responding to climate change, for example, requires an understanding of both the scientific evidence and the engineering approaches to tackle it plus the socioeconomic effects and how they interact.

So efficient is our research system that it achieves world-leading results despite the government spending less on research than our competitors do. The UK government spent just 0.57% of GDP on research and development in 2011, in comparison to 0.85% in Germany and 0.92% in the USA.

Frank Whittle, G B Bozzoni and H Harvard conducting research and testing on the first British-designed Jet engine

The Academies wish to see a stable 10 year investment framework for research, innovation and skills, which should sit at the heart of its emerging industrial strategy and plans for growth.

The science budget is essential to the future economic development of the country and it should continue to be ringfenced to ensure that our highly efficient research system is well resourced. Science, research and engineering should continue to inform policy making across Whitehall.

The Academies want the UK to provide a world class research and innovation environment that is attractive to talent and investment from industry and from overseas and that inspires and supports the next generation of researchers.